NBN Co

NBN Co Limited

File:NBN Co logo.png
Type	Government-owned corporation
Industry	Telecommunications
Founded	April 2009
Headquarters	Melbourne, Australia
Key people	Mike Quigley (CEO)
Services	Wholesale data network
Revenue	A$3.947 million (2010)[1]
Net income	A$(79.835) million (2010)[1]
Total assets	A$217.511 million (2010)[1]
Total equity	A$232.026 million (2010)[1]
Owner(s)	Australian Government
Employees	207 (2010)[2]
Website	www.nbnco.com.au

NBN Co is an Australian government-owned corporation tasked to design, build and operate Australia's National Broadband Network.

History

Establishment

NBN Co was established on 9 April 2009 under the name of its company number, "A.C.N. 136 533 741 Limited".^[3] After the establishment, the Australian Government started referring to the company as "National Broadband Network Company",^[4] which became the de facto company name. It was officially named "NBN Co Limited" on 6 October 2009.^[5][6][7][8]

Corporation structure

People

Mike Quigley was appointed chief executive officer (CEO) of NBN Co on 25 July 2009.^{[9][10][11][12][13]}

The appointment of Quigley and of Jean-Pascal Beaufret, who was appointed chief financial officer (CFO), was overshadowed by a bribery investigation by the United States Securities and Exchange Commission of their former employer Alcatel-Lucent. Neither man was accused or charged with any wrongdoing by the investigating authorities.^[14][15][16] There were further concerns raised when NBN Co awarded a tender to Alcatel-Lucent for the supply of electronic components for the NBN, although Quigley and Beaufret excluded themselves from the tender process.^[14][17]

At the end of June 2010, NBN Co had 207 employees (Approx 900+ at the end of June 2011), 111 based in Sydney, 92 in Melbourne, three in Canberra and one in Tasmania.^[2]

Funding and ownership

The FTTP incarnation of the NBN was originally estimated to cost A$43 billion, however, NBN Co later revised down the cost to A$35.7 billion although there is a separate $11.7 billion contribution to Telstra which is not included in this price. The Australian Government plans to invest A$27.1 billion throughout the construction, with an initial investment of A$4.7 billion. NBN Co plans to repay the Government's investment by 2034. The remaining funds will be raised from the private sector.^[18]

References

1. ^ ^{a b c d} NBN Co (29 October 2010). NBN Co Annual Report 2010 (Report). NBN Co. p. 37–38. http://www.nbnco.com.au/wps/wcm/connect/a69fc5804479c76aa31fabc72ea64545/NBNCo_AnnualReport_2010.pdf. Retrieved 20 June 2011. 
2. ^ ^{a b} NBN Co (29 October 2010), NBN Co Annual Report 2010, NBN Co, p. 8, http://www.nbnco.com.au/wps/wcm/connect/a69fc5804479c76aa31fabc72ea64545/NBNCo_AnnualReport_2010.pdf, retrieved 20 June 2011 
3. ^ NBN Co Limited, National names index, Australian Securities and Investments Commission, http://www2.search.asic.gov.au/cgi-bin/gns030c?acn=136_533_741, retrieved 2 June 2011 
4. ^ LeMay, Renai; Tindal, Suzanne (7 April 2009), NBN company established, looks for CEO, ZDNet, http://www.zdnet.com.au/nbn-company-established-looks-for-ceo-339296174.htm, retrieved 1 June 2011 
5. ^ LeMay, Renai (7 October 2009), It's official: 'NBN Co. Ltd' is the name, ZDNet, http://www.zdnet.com.au/it-s-official-nbn-co-ltd-is-the-name-339298934.htm, retrieved 1 June 2011 
6. ^ Beer, Stan (7 April 2009), NBN to make 49% up for grabs but who wants it?, iTWire, http://www.itwire.com/opinion-and-analysis/beerfiles/24303-nbn-to-make-49-up-for-grabs-but-who-wants-it, retrieved 1 June 2011 
7. ^ Tindal, Suzanne (1 May 2009), NBN company constitution revealed, ZDNet, http://www.zdnet.com.au/nbn-company-constitution-revealed-339296246.htm, retrieved 1 June 2011 
8. ^ LeMay, Renai (30 April 2009), NBN company details hard to find, ZDNet, http://www.zdnet.com.au/nbn-company-details-hard-to-find-339296229.htm, retrieved 1 June 2011 
9. ^ Corner, Stuart (25 July 2009), Mike Quigley to be CEO of NBN Co, iTWire, http://www.itwire.com/it-industry-news/strategy/26490-mike-quigley-to-be-ceo-of-nbn-co, retrieved 1 June 2011 
10. ^ LeMay, Renai (25 July 2009), Alcatel's Quigley wins NBN chair, ZDNet, http://www.zdnet.com.au/alcatel-s-quigley-wins-nbn-chair-339297574.htm, retrieved 1 June 2011 
11. ^ Renai LeMay and Liam Tung (29 July 2009), Mike Quigley: The background check, ZDNet, http://www.zdnet.com.au/mike-quigley-the-background-check-339297634.htm, retrieved 1 June 2011 
12. ^ Kohler, Alan (28 July 2009), Quigley's job is straightforward, ZDNet, http://www.zdnet.com.au/quigley-s-job-is-straightforward-339297619.htm, retrieved 1 June 2011 
13. ^ Grubb, Ben (28 June 2010), Quigley rejected lucrative job for NBN, ZDNet, http://www.zdnet.com.au/quigley-rejected-lucrative-job-for-nbn-339304137.htm, retrieved 1 June 2011 
14. ^ ^{a b} Klan, Anthony (29 April 2011), NBN chiefs silent on scandal at former employer - and Stephen Conroy didn't ask, The Australian, http://www.theaustralian.com.au/national-affairs/nbn-chiefs-silent-on-scandal-at-former-employer-and-conroy-didnt-ask/story-fn59niix-1226046571044, retrieved 29 April 2011 
15. ^ Carson, Vanda; Dylan Welch (1 January 2011), Coalition attacks NBN chiefs, The Age, http://www.theage.com.au/national/coalition-attacks-nbn-chiefs-20101231-19c1b.html, retrieved 29 April 2011 
16. ^ Beer, Stan (1 January 2011), Government on defensive over Alcatel NBN Co connection, iTWire, http://www.itwire.com/it-policy-news/government-tech-policy/44185-government-on-defensive-over-alcatel-nbn-co-connection, retrieved 29 April 2011 
17. ^ Klan, Anthony (7 January 2011), Quigley faces down Alcatel bribery questions, Delimiter, http://delimiter.com.au/2011/01/07/quigley-faces-down-alcatel-bribery-questions/, retrieved 29 April 2011 
18. ^ Battersby, Lucy (24 November 2010), NBN bill to come in $7b cheaper, The Age, http://www.theage.com.au/business/nbn-bill-to-come-in-7b-cheaper-20101124-186vn.html, retrieved 27 April 2011 

External links

• Official website of NBN Co
• Official Twitter stream for NBN Co